cryptocurrency feeding frenzy
What Should Bitcoin Be Worth?
The cryptocurrency feeding frenzy continues as you can now trade bitcoin futures. So much has been written about how bitcoin trading is like the tulip bulb frenzy in Holland centuries ago. But those who believe in bitcoin believe that the cryptocurrency will eventually replace currencies like the dollar, euro and yen. If you are interested in making money in cryptocurrencies or their futures contracts you need to have a basis on which to make your decisions. The question is what should bitcoin be worth? Investopedia poses the question, why do bitcoins have value.
Currency also provides a universal measurement for accounting […]
Could You Be a Bitcoin Billionaire?
Bitcoin just keeps going up despite repeated comparisons to the Dutch tulip bulb mania and crash centuries ago. Now, according to the news, there are two bitcoin billionaires, the Winklevoss twins. These guys successfully sued Marc Zuckerberg for $64 million claiming that he stole the idea for Facebook from Harvard Connection, of which they were co-founders. That is where the money came from to buy bitcoins. Business Insider notes the billionaire statues of the Winklevoss boys as bitcoin goes above $11,500.
Bitcoin’s rise comes amid continued interest in the digital currency from both ordinary investors and institutions. Last week it emerged […]